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After finishing at $174.11 in the prior trading day, First Solar Inc (NASDAQ: FSLR) closed at $168.25, down -3.37%. In other words, the price has decreased by -$3.37 from its previous closing price. On the day, 3.91 million shares were traded. FSLR stock price reached its highest trading level at $174.04 during the session, while it also had its lowest trading level at $167.65.
Ratios:
Our goal is to gain a better understanding of FSLR by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.44 and its Current Ratio is at 2.14. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.06.
Janney Upgraded its Neutral to Buy on October 29, 2024, while the target price for the stock was maintained at $260.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 31 ’24 when Gloeckler Markus sold 3,601 shares for $198.52 per share. The transaction valued at 714,871 led to the insider holds 8,935 shares of the business.
Gloeckler Markus bought 3,601 shares of FSLR for $714,871 on Oct 31 ’24. On Aug 13 ’24, another insider, Buehler Patrick James, who serves as the Chief Product Officer of the company, sold 8,619 shares for $222.00 each. As a result, the insider received 1,913,418 and left with 3,468 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FSLR now has a Market Capitalization of 18012508160 and an Enterprise Value of 17436784640. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.49, and their Forward P/E ratio for the next fiscal year is 8.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.68 while its Price-to-Book (P/B) ratio in mrq is 2.37. Its current Enterprise Value per Revenue stands at 4.528 whereas that against EBITDA is 10.156.
Stock Price History:
The Beta on a monthly basis for FSLR is 1.46, which has changed by 0.1269257 over the last 52 weeks, in comparison to a change of 0.23809385 over the same period for the S&P500. Over the past 52 weeks, FSLR has reached a high of $306.77, while it has fallen to a 52-week low of $135.88. The 50-Day Moving Average of the stock is -11.07%, while the 200-Day Moving Average is calculated to be -21.07%.
Shares Statistics:
The stock has traded on average 2.68M shares per day over the past 3-months and 2476540 shares per day over the last 10 days, according to various share statistics. A total of 107.06M shares are outstanding, with a floating share count of 99.72M. Insiders hold about 6.86% of the company’s shares, while institutions hold 88.00% stake in the company. Shares short for FSLR as of 1735603200 were 8188853 with a Short Ratio of 3.06, compared to 1732838400 on 6347743. Therefore, it implies a Short% of Shares Outstanding of 8188853 and a Short% of Float of 10.0200005.
